Sentinel Protocol Announces a Strategic Partnership with Hexlant
Singapore, 7 August, 2019 — We are excited to announce that Sentinel Protocol has a new strategic partnership with Hexlant, a leading Korean blockchain technology, and service laboratory.
Hexlant provides a blockchain wallet service that supports the largest variety of blockchain nodes in Korea through its self-developed modular cryptocurrency node.
Sentinel Protocol and Hexlant’s collaboration aims to develop new solutions through the integration of Sentinel Protocol’s crypto Anti Money-Laundering/ Combating the Financing of Terrorism (AML/CFT) technology into the Hexlant Node, including the Threat Reputation Database (TRDB), Crypto Analysis Transaction Visualization (CATV) and Crypto Analysis Risk Assessment (CARA)*. Together, Sentinel Protocol and Hexlant will cooperate in expanding the crypto-security market for businesses based on their strategic partnership agreement.
“We are pleased to co-establish Sentinel Protocol’s security enhancement service on the Hexlant Node. Hexlant has already established 12 nodes and succeeded in commercializing them in the South Korea market through the subscription-based business model,” said Koo Min-woo, Country Manager of Sentinel Protocol, Korea. He also mentioned: “We plan to provide cooperative security solutions service to 15 existing customers of Hexlant first and continue to expand cooperation between our two companies in the financial business.”
“The most important part of blockchain finance is the security of corporate crypto wallets, which will be applied not only to companies but also to investors in the future. We believe that the introduction of Sentinel Protocol`s anti-money laundering technology will enhance transparency in the market, including monitoring suspicious transactions and managing blacklist accounts, said Park In-soo, Chief Security Officer of Hexlant.
*Crypto Analysis Risk Assessment (CARA)* CARA is an intuitive solution to classify a crypto address risk level using machine learning algorithms that continuously learn behaviors exhibited by known malicious wallets and normal wallets. This solution complies with a Risk-Based Approach (RBA) recommended by the FATF, and it can help users to proactively determine which transactions are suspected of money laundering and terrorist financing.
About Sentinel Protocol
Sentinel Protocol (https://sentinelprotocol.io/) is the world’s first crowd-sourced threat intelligence platform utilizing the advantages of decentralization to protect cyberspace with blockchain security. It aims to equip individuals and organizations with cybersecurity solutions that help protect their valuable cryptocurrency assets from malicious threats, attacks, and fraudulent transactions. Sentinel Protocol is headquartered in Singapore and has offices in Seoul, South Korea, and Tokyo, Japan. Follow Sentinel Protocol on Telegram, LinkedIn, Twitter, Facebook, and Medium.
Hexlant (https://www.hexlant.com/) is the most experienced Korean blockchain laboratory. A former Samsung server and security architect, operation developer, and service designer together established Hexlant. Hexlant has been running a blockchain platform with around 50,000 members since it was founded in February 2018. Hexlant also has since supported more than 30 teams all around the world. Just within six months of its launch, Hexlant’s service ‘Tokenbank’ reached 15 billion won of fundraising, storing more than 120 billion won worth of EOS tokens through its airdrop service. Also, Hexlant provides blockchain education to famous Korean institutions and companies such as FastCampus and SK Planet, along with publishing Blockchain research reports on Bithumb, one of Korea’s best-known cryptocurrency exchanges.